Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:

Production data:
Pounds in process, May 1; materials 100% complete; conversion 80% complete	10,000
Pounds started into production during May	100,000
Pounds completed and transferred out	?
Pounds in process, May 31; materials 60% complete; conversion 20% complete	15,000
Cost data:
Work in process inventory, May 1:
Materials cost	$ 1,500
Conversion cost	$ 7,200
Cost added during May:
Materials cost	$ 154,500
Conversion cost	$ 90,800

Required:

1. Compute the equivalent units of production for materials and conversion for May.

2. Compute the cost per equivalent unit for materials and conversion for May.

3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.

4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.

5. Prepare a cost reconciliation report for May.

Chapter For WRC4 Sad Help Save & Eat Check my 3 Builder Products, incorporated, uses the weighted average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department Cooking.is given below for May 2.5 points 10,000 100,000 2 04.02.18 15.000 Production data Pounds in process, May 11 materials 100% complete conversion 80 complete Pounds started into production during May Pounds completed and transferred out Pounde in process, May 31: materials 604 complete conversion 208 complete Cout data Work in process inventory, May 1: Materials cost Conversion cost Cost added during May Materials cost Conversion cost eBook $1,500 $ 7,200 $ 154,500 590.000 References Required: 1. Compute the equivalent units of production for materials and conversion for May. 2. Compute the cost per equivalent unit for materials and conversion for May 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May 5. Prepare a cost reconciliation report for May. inn by entering your answers in the tabs below